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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (35607)	6/20/1999 11:46:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 116871

Why Goldbugs Feel So Squashed Business Week--June 28, 1999 p106 "Gold belongs in satellites, wedding rings, and dental work. Anywhere--but not in your portfolio." This reminds me of the World Awash in Oil, $5 a barrel oil--the featured article in The Economist a few months ago. A couple weeks ago I transferred my mutual fund money market into the gold stock fund. ^XAU is bouncing around the bottom here at 60, yes? At 50 I would buy a second 'half'. This is in a taxable account, and if this turns out to be a bad call, well, I'll just wont have to send quite as much in to the IRS next spring. Message 10071294 Any thoughts--I don't really follow gold much, but I do like to buy things when it looks like the point of maximum pain, I tend not to overpay that way.

To: goldsnow who wrote (35607)	6/21/1999 3:45:00 PM
From: Alex	Respond to of 116871

Gold industry may face tough times: miner Mon, 21 Jun 1999 A leading Australian gold miner remains bullish about gold's long-term prospects but admits some of his company's mines are under cost pressure. Normandy Mining Limited's executive chairman, Robert Champion de Crespigny, has told the Australia Israel Chamber of Commerce in Brisbane that while gold is going through tough times it is doing better than most resources. But he says some mines may have to be closed until cost pressures ease. "Let's be under no misapprehension we will shut them. Kaltails shuts, I think, in August," he said. "Other mines of ours that we're quite open about that have got the finger pointed at them is clearly Big Bell. "Tennant Creek I believe will continue but that's another one that is a real challenge." abc.net.au